Peter Schiff Reiterates Call to Sell Bitcoin for Silver as BTC Hits New Highs
2025-07-11 10:29:59
Main Idea
Peter Schiff advises selling Bitcoin for silver as Bitcoin hits a new all-time high, arguing Bitcoin is overvalued while silver is poised for significant growth.
Key Points
1. Peter Schiff's advice on July 10, 2025, followed Bitcoin's surge past $118,000, marking a new all-time high.
2. Schiff claims Bitcoin is overvalued and speculative, whereas silver, trading above $37, could break $40 and reach $50, with mining stocks also rising.
3. Bitcoin's market cap is $2.20 trillion, still higher than silver's $2.007 trillion, supported by strong inflows into spot ETFs.
4. The cryptocurrency community largely dismisses Schiff's advice as Bitcoin continues its upward trend.
5. Other notable market events include Dogecoin's 10% surge, Binance nearing 280 million users, and Peter Brandt warning about Bitcoin's rally risk below $107,000.
Description
Veteran gold bug and staunch Bitcoin critic Peter Schiff has once again urged cryptocurrency investors to divest their Bitcoin holdings in favor of silver. His latest advice, delivered on July 10, 2025, came swiftly after Bitcoin surged past the $118,000 mark, achieving yet another all-time high, highlighting Schiff’s consistent bearish stance on digital assets despite … Continue reading "Peter Schiff Reiterates Call to Sell Bitcoin for Silver as BTC Hits New Highs" The post Peter Schiff Reitera...
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